Research >> Economics
New Home Sales in May at annual rate of 504,000
Sales of new single-family houses in May 2014 were at a seasonally adjusted annual rate of 504,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 18.6 percent (±17.3%) above the revised April rate of 425,000 and is 16.9 percent (±19.6%) above the May 2013 estimate of 431,000.
The median sales price of new houses sold in May 2014 was $282,000; the average sales price was $319,200. The seasonally adjusted estimate of new houses for sale at the end of May was 189,000. This represents a supply of 4.5 months at the current sales rate.
Posted: June 24, 2014 Tuesday 10:00 AM